USS Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Consolidated Earnings and Dividend Guidance for the Fiscal Year Ending March 31, 2020
February 11, 2020
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USS Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2019. For the nine months, the company reported net sales of JPY 58,184 million compared to JPY 58,339 million a year ago. Operating profit was JPY 26,748 million compared to JPY 27,114 million a year ago. Profit was JPY 18,270 million compared to JPY 18,476 million a year ago. Diluted profit per share was JPY 72.79 compared to JPY 72.56 a year ago. Profit per share was JPY 72.94 compared to JPY 72.69 a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2020. For the fiscal year, the company expected net sales of JPY 79,700 million, operating profit of JPY 37,000 million, profit attributable to the owners of the parent of JPY 25,100 million and profit per share of JPY 100.29.
The company expected to pay dividend of JPY 29.80 per share for the year ending March 31, 2020 compared to JPY 25.80 per share paid a year ago.
USS Co Ltd is a Japan-based company mainly engaged in the auto auctions business. The Company operates in two business segments. The Auto Auction segment is engaged in the operation of auto auctions with used car dealers as members, the management of motorcycle auctions with used motorcycle dealers as members, the provision of auto auction connection services by satellite TV line and Internet, the provision of used car information services, the land transportation agency of exhibited cars and successful cars of auto auction, as well as the provision of financial services for auto auction members. The Used Automobile Purchase and Sale segment is engaged in the purchase and sale of used cars and accident-affected vehicles. The other business is engaged in the recycling of used vehicles, the provision of agency services for used vehicles, the sale of solar power generation systems and rental cars, as well as production and sale of recycled plastics.
USS Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Consolidated Earnings and Dividend Guidance for the Fiscal Year Ending March 31, 2020
USS CO., LTD. 
